Certified Reinsurers

In 2012, Louisiana's Credit for Reinsurance statutes were amended to allow for reduced collateral for reinsurers that maintain a surplus level of no less than $250 million, maintain financial strength ratings from two or more acceptable rating agencies, and are domiciled and licensed to transact insurance or reinsurance in a qualified jurisdiction, as determined by the commissioner.

The level of collateral required corresponds to the rating assigned to the certified reinsurer by the commissioner, which is based on various factors including, but not limited to, the certified reinsurer's business practices, regulatory actions against the certified reinsurer, financial strength and the report of the independent auditor.

Applicants Seeking Certified Reinsurer Status
Notice is hereby given that, pursuant to LAC 37:XIII.3510.B.1, an application has been filed by the following applicants to act as certified reinsurers in the state of Louisiana:

Federal/Alien ID

Applicant Name

Jurisdiction

Application Date

Notice Date

Comment Deadline

N/A

N/A

N/A

N/A

N/A

N/A

All interested persons are invited to submit written comments in connection with the proposed applications within thirty days following publication of this notice to:

Louisiana Department of Insurance

P.O. Box 94214

Baton Rouge, LA 70804

Attn: Office of Financial Solvency

Listing of Certified Reinsurers

Federal/Alien ID

Certified Reinsurer Name

Jurisdiction

Rating

Effective Date

AA-3194126

Arch Reinsurance Ltd

Bermuda

Secure-3

10/1/2014

AA-3190770

Chubb Tempest Reinsurance Ltd

Bermuda

Secure-2

12/9/2014

AA-3194130

Endurance Speciality Insurance Ltd.

Bermuda

Secure-3

2/5/2016

AA-1340125

Hannover Rück SE

Germany

Secure-2

10/1/2014

AA-3190875

Hiscox Insurance Company (Bermuda) Ltd.

Bermuda

Secure-3

9/15/2017

Certified reinsurers whose rating was downgraded or status was revoked, or withdrawn during past year: